Boingo Wireless, Inc. (WIFI) CEO Sells $373,500.00 in Stock

Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 25,000 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $14.94, for a total value of $373,500.00. Following the sale, the chief executive officer now directly owns 621,853 shares in the company, valued at approximately $9,290,483.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

David Hagan also recently made the following trade(s):

  • On Thursday, August 10th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $18.43, for a total value of $460,750.00.
  • On Friday, August 11th, David Hagan sold 60,000 shares of Boingo Wireless stock. The stock was sold at an average price of $18.39, for a total value of $1,103,400.00.
  • On Wednesday, August 2nd, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.08, for a total value of $377,000.00.
  • On Thursday, August 3rd, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.16, for a total transaction of $379,000.00.
  • On Friday, August 4th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $16.22, for a total transaction of $1,216,500.00.
  • On Thursday, July 27th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.03, for a total transaction of $375,750.00.
  • On Wednesday, July 26th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.32, for a total transaction of $383,000.00.
  • On Friday, July 28th, David Hagan sold 75,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.06, for a total transaction of $1,129,500.00.
  • On Thursday, July 20th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.34, for a total transaction of $383,500.00.
  • On Wednesday, July 19th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.28, for a total transaction of $382,000.00.

Shares of Boingo Wireless, Inc. (NASDAQ WIFI) traded up 0.16% during mid-day trading on Friday, hitting $18.41. 339,015 shares of the stock were exchanged. The company’s 50-day moving average is $15.73 and its 200-day moving average is $14.14. Boingo Wireless, Inc. has a 1-year low of $8.10 and a 1-year high of $19.42. The firm’s market cap is $738.41 million.

Boingo Wireless (NASDAQ:WIFI) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.03. The business had revenue of $49 million during the quarter, compared to the consensus estimate of $46.23 million. Boingo Wireless had a negative net margin of 13.85% and a negative return on equity of 25.82%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS. Equities research analysts anticipate that Boingo Wireless, Inc. will post ($0.64) earnings per share for the current fiscal year.

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Several research firms recently weighed in on WIFI. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 target price (up previously from $18.00) on shares of Boingo Wireless in a report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price objective (up previously from $17.00) on shares of Boingo Wireless in a report on Wednesday. Benchmark Co. boosted their price objective on shares of Boingo Wireless from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Craig Hallum boosted their target price on shares of Boingo Wireless from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Boingo Wireless presently has a consensus rating of “Hold” and a consensus price target of $17.93.

A number of large investors have recently bought and sold shares of WIFI. Russell Investments Group Ltd. increased its position in Boingo Wireless by 64.1% in the second quarter. Russell Investments Group Ltd. now owns 1,239,122 shares of the technology company’s stock valued at $18,538,000 after buying an additional 484,061 shares in the last quarter. Renaissance Technologies LLC increased its position in Boingo Wireless by 20.1% in the second quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock valued at $34,860,000 after buying an additional 389,195 shares in the last quarter. Hood River Capital Management LLC increased its position in Boingo Wireless by 58.1% in the second quarter. Hood River Capital Management LLC now owns 1,043,219 shares of the technology company’s stock valued at $15,607,000 after buying an additional 383,174 shares in the last quarter. Vanguard Group Inc. increased its position in Boingo Wireless by 19.0% in the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock valued at $30,563,000 after buying an additional 326,791 shares in the last quarter. Finally, EAM Investors LLC increased its position in Boingo Wireless by 254.2% in the second quarter. EAM Investors LLC now owns 247,281 shares of the technology company’s stock valued at $3,699,000 after buying an additional 177,475 shares in the last quarter. 86.35% of the stock is owned by institutional investors and hedge funds.

Boingo Wireless Company Profile

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor Distributed Antenna System (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.

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